Reviews and Views

2010: Ready or Not Here It Comes

Darryl Robert Schoon wrote an article on December 07, 2009. 

Constant prosperity through credit is not possible – perhaps temporarily but not permanently.  “Quantative Easing” is a monetary phenomena akin to self-abuse or self-stimulation.  In times of deep change, few will understand what is happening and instead of changing, most will persist in clinging to the old even as it is being swept away.  Events change but human nature rarely does – at least not yet.  We are now approaching the final stage of the collapse of the bankers’ house of cards; when debt levels are so high they can no longer be serviced, it will crush those still trapped by credit’s promissory lure.  We are already seeing evidence of deep systemic change.  The falling away of the old will make way for what is to be; and, despite our efforts, none of us can stop it.

January 1, 2010 - Posted by Bill Wyler | Economy